In the U.S., credit grew 21% and improved three points to 38% over 2019, helped by travel and fuel spend.

Jul 26, 2022 / CEO / receipt, needs a key / Alfred F. Kelly Jr., CEO | earnings call 2022-07-26 | transcript 8013fa35-7385-40e8-ab0b-9688fcc554fd | chars 19826-19931 | segment 20

The robust cross-border travel recovery continued. Indexed to 2019, cross-border travel volume, excluding transactions within Europe, jumped from 94 in March to 112 in June.

Jul 26, 2022 / CEO / receipt, needs a key / Alfred F. Kelly Jr., CEO | earnings call 2022-07-26 | transcript 8013fa35-7385-40e8-ab0b-9688fcc554fd | chars 18326-18499 | segment 19

We are continuing to work very hard to balance expense management in recognition of the short-term realities and investing in an exciting set of growth opportunities as we always manage the business for the long term.

Jan 28, 2021 / CEO / receipt, needs a key / Alfred F. Kelly Jr., CEO | earnings call 2021-01-28 | transcript c1a77728-6b21-42e5-93ee-bc452dad53ec | chars 16407-16624 | segment 16

And lastly, we are hopeful that as vaccines roll out and become more readily available, lockdowns, travel restrictions, and capacity constraints will be lessened or eliminated, enabling travel, entertainment, and other commerce to grow.

Jan 28, 2021 / CEO / receipt, needs a key / Alfred F. Kelly Jr., CEO | earnings call 2021-01-28 | transcript c1a77728-6b21-42e5-93ee-bc452dad53ec | chars 16734-16970 | segment 16

You know, where we've seen some declines are in travel-related card benefits, which is going to, you know, get better as travel comes back.

Jul 28, 2020 / CEO / receipt, needs a key / Alfred F. Kelly Jr., CEO | earnings call 2020-07-28 | transcript f88dba8d-a5ee-4c0f-ae91-8c5670058d9c | chars 44153-44292 | segment 44

And obviously one big factor there will be the pace at which business travel returns.

Apr 26, 2022 / CEO / receipt, needs a key / Alfred Kelly Jr., CEO | earnings call 2022-04-26 | transcript 7228bc27-0b18-416b-8e92-58a55cfcb32b | chars 37283-37368 | segment 38